Alcoa (AA) Buy Rating Reiterated at Goldman Sachs
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Alcoa (AA) Runs to New Three-Year High Following Q2 Results
July 9, 2014 10:11 AM EDTAlcoa (NYSE: AA) reached a new 52-week high in short order Wednesday following strong quarterly results issued Monday night.
Shares rose 4.4 percent to hit $15.50 in early trading today. That's the strongest level seen since summer 2011.
Alcoa has also seen a... More
Alcoa (AA) Estimates, PT Lifted Sharply at JPMorgan Following Solid Q2
July 9, 2014 8:59 AM EDTJPMorgan analyst Michael Gambardeell reiterated an Overweight rating on Alcoa (NYSE: AA), boosted estimates and his price target to $18.50 (from $15.00) following better-than-expected Q2 results led by primary metals.
Gambardeell commented, "We upgraded AA to OW with a $15 target back on January 21 primarily to... More
Alcoa (AA) PT, Estimates Bumped at Nomura; 'Neutral' Rating Maintained
July 9, 2014 7:42 AM EDTNomura Securities analyst Curt Woodworth bumped his price target on Alcoa (NYSE: AA) to $12.00 (from $8.00) following better-than-expected Q2 results but maintained a Neutral rating.
Woodworth commented, "We view Alcoas continued transformation from a commodity aluminum producer to a high margin downstream... More
Alcoa, Inc. (AA) Tops Q2 EPS by 6c; Widens Global Aluminum Deficit Outlook for FY14
July 8, 2014 4:03 PM EDT(Updated - July 8, 2014 4:06 PM EDT)
Alcoa, Inc. (NYSE: AA) reported Q2 EPS of $0.18, $0.06 better than the analyst estimate of $0.12. Revenue for the quarter came in at $5.8 billion versus the consensus estimate of $5.66 billion.
Highlights:
Engineered Products and Solutions delivers highest after-tax-operating income in history of $204 million; record adjusted EBITDA margin of 23.1 percentGlobal Rolled Products after-tax-operating income up 34 percent sequentiallyUpstream business improves performance for 11th consecutive quarterContinued Growth Across End Markets
Alcoa continues to project 2014... More
